Organizing your important financial documents is very important, and your family will thank you for it one day.
Read more
Is 2021 Your Year To Get Organized? You Need A “Red File”
Are Robo Advisors Really Worth It?
It’s been nearly a decade since so-called robo-advisors first came on the scene offering digital advice to investors. During that time, stocks have gone nearly straight up. And during that time, most large investment firms have jumped on the band wagon offering automated investing tools. Firms like Wells Fargo, Fidelity and Vanguard now all offer…
Read more
WHAT PRESIDENT TRUMP’S EXECUTIVE ORDER MEANS FOR YOU
We are still waiting for the dust to settle on what President Trump’s executive orders mean for taxpayers and business owners. There is a lot of talk about legal challenges and how Congress may react. But here is a summary of what we know now.Temporary Payroll Tax Relief –The President has directed the Treasury Department to…
Read more
Thinking of Dumping Old Tax Records?
Article Highlights: General statute is 3 years Some states are longer Fraud, failure to file and other issues can extend the statute Records to dump Record to Keep Longer I often have clients ask me, “How long should I keep old tax records?” Tired of having all those old tax records taking up drawer or closet space and collecting…
Read more
Nathan’s Famous Hot Dog Eating Contest Airs Live July 4th on ESPN
There are certain things in life that just seem impossible to me. Near the top of that list is the amount of food competitive eaters can consume in a very short period of time. I am very impressed by what these super-human eaters can do, mainly because I have no idea how they do it.…
Read more
THE IRS IS ISSUING SOME STIMULUS PAYMENTS BY DEBIT CARD; SOME ARE BEING MISTAKEN AS JUNK MAIL AND THROWN OUT
If you are like most Americans, you receive tons of junk mail, which you tend to discard without ever reading. Well, if you haven’t already received your stimulus payment from the feds, maybe you shouldn’t be so quick to throw away those envelopes from unknown senders, at least until you have received your stimulus payment.…
Read more
Is My Unemployment Income Taxable?
Many people wonder if unemployment income is taxable, and if so, how will it be taxed.
Read more
RUNNING LOW ON MONEY? CONGRESS HAS MADE IT EASIER FOR YOU TO TAP YOUR RETIREMENT SAVINGS
Article Highlights COVID-19 Tax Benefits Retirement Plan Withdrawals Waiver of 10% Early Withdrawal Penalty Retirement Plan Loans Roth IRAs Other Sources of Income Way to Reduce Payments If you are struggling financially due to the COVID-19 epidemic, you will be happy to know Congress, as part of the CARES Act enacted on March 27, has made it easier for you to access your…
Read more
